The loan of the week for May 30, 2018 features a cash-out refinance of an office building located in Santa Clara, California. The $1,700,000 loan is fixed at 4.60% for 5 years, with a favorable step-down prepayment penalty.
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The loan of the week for May 23, 2018 features a purchase of a commercial office building located in Reno, Nevada. The $1,430,000 loan is fixed at 4.95% for 5 years, with a favorable step-down prepayment penalty.
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The loan of the week for May 16, 2018 features a purchase of a commercial office building located in Carson City, Nevada. The $1,950,000 loan is a private money loan with no prepayment penalty. The property was 40% vacant at time of close.
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The loan of the week for May 02, 2018 features a cash-out refinance of a multi-family property located in Oakland, California. The $1,301,000 loan is fixed for 7 years at 4.60%, with a favorable step-down prepayment penalty.
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